Advantages of Selling Your Home through a Real Estate Agent Selling a home can be a rather adventurous endeavor. You need a seasoned real estate specialist to lead you through the process, knowing that higher mortgage interest rates & home prices are expected as the market continues to recover. Unless you are a specialist yourself, you don’t want to be alone out there without someone who’ll have your back. These are the most important ways a real estate agent can help: Paperwork
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Every state has different regulations covering contracts that are necessary for a successful sale, and these regulations are always changing. A real estate agent knows the market inside out and can manage all the required paperwork for you.
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The Process Experts estimate there are no less than 230 potential actions that will be taken for every successful real estate sale. Wouldn’t you want to take them with someone who can go through the entire process with their eyes closed? Negotiations So let’s say you don’t believe you need an agent when selling your home. However, after checking the list of parties you need to negotiate with, it will be easy to see the value of professional help. You have to talk to at least 11 different people, from your potential buyer (who also wants the most favorable deal for himself) to home inspectors to the appraiser and all the rest. These people are all experts in the real estate industry, and even the buyer is probably working with an agent. How do you expect to match their negotiating prowess? Setting the Price It is crucial for your home to be priced properly right from the start so as to attract the right buyers, as well as cut the time that it stays on the market. You need someone with no emotional connection to your home, but has the necessary knowledge to assign it the right value. To put it simply, an overpriced home will not attract a lot of buyers, and will probably stay on the market too long that people will start to assume that there’s something “wrong” with it. On the other hand, underpricing will put you on the losing end of the deal. That’s why need an expert to draw the lines. Market Trends There is a lot of information out there about home sales, mortgage rates, prices, etc. How do you know which one applies to your area specifically? Whom will you approach as you try to set a competitive price for your property at the beginning of the selling process? When in need of help related to money, pick someone who is less of a salesman and more of a teacher. You need someone who is sincere enough to tell you what’s true, and not simply what you’ll love to hear.